7402 Nestle, Reseda, California 91335, Reseda, 91335 - 1 bed, 1 bath
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Reseda, California 91335
This property presents a High-Potential Investment Opportunity with a List Price of $999,900, which aligns with the current $999,900 Fair Market Value. While the existing 730 sq. ft. structure holds a Condition Rating of 6, the true value lies in the expansive 10,109 sq. ft. corner lot. With SB9 Zoning Potential allowing for up to four units, this asset is primed for significant development. Located near Garden Grove Elementary, this is a strategic acquisition for Real Estate Developers or Buy-and-Hold Investors focused on long-term land appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7402 Nestle Subject | $999,900* List Price | 1 | 1 | 730 | $1,370 | - |
A 7402 Nestle Active | $999,900 List Price | 1 | 1 | 730 | $1,370 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946 with no significant renovations in over 50 years. The property is explicitly marketed for its land value and development potential under SB9. The existing structure is extremely dated with original-style cabinetry, laminate counters, and weathered exterior siding, indicating the value lies in the 10,000+ sq ft lot rather than the dwelling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10109, living area = 730.
The expansive 10,109 sq. ft. corner lot is ideal for investors and builders, offering the potential to utilize SB9 to construct up to four homes.
With dimensions of 75 ft x 135 ft, this large corner lot provides superior accessibility and design flexibility for new construction projects.
At nearly $1,000,000 for a 730 sq. ft. one-bedroom home, the list price reflects land value rather than the utility of the existing structure, limiting its appeal to traditional buyers.
Built in 1946, the small 1-bedroom house likely requires significant renovation or demolition to maximize the property's highest and best use.
Large 1 BR, 1 BA house on an extra-large lot. Over 10,000 sq ft corner lot. Dimension is 75 ft x 135 ft. It may be great for investors and builders who may want to use SB9 and possibly build up to 4 homes on this extra-large corner lot. Please do your own due diligence.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 730 | 1,439 |
| Lot Size | 10,109 | 6,721 |
| Price | $999.9K | $824.1K |
| Price per sq ft | $1.4K | $566 |
| Built year | 1946 | 1952 |
| HOA | $0 | $0 |
| Days on market | 37 | 58 |
Jun 15, 2026
$999,900
Initial Listing
May 21, 1992
$130,000
Public Record